Geode Capital Management LLC boosted its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) by 4.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 587,006 shares of the company's stock after acquiring an additional 24,264 shares during the period. Geode Capital Management LLC owned 2.14% of Golden Entertainment worth $18,664,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in GDEN. William Blair Investment Management LLC increased its holdings in Golden Entertainment by 132.1% in the second quarter. William Blair Investment Management LLC now owns 1,486,689 shares of the company's stock valued at $46,251,000 after purchasing an additional 846,269 shares during the last quarter. Systematic Financial Management LP grew its position in shares of Golden Entertainment by 78.2% during the 2nd quarter. Systematic Financial Management LP now owns 283,020 shares of the company's stock worth $8,805,000 after buying an additional 124,218 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Golden Entertainment by 100.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 163,629 shares of the company's stock valued at $5,089,000 after acquiring an additional 82,175 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Golden Entertainment in the 2nd quarter valued at approximately $1,848,000. Finally, Squarepoint Ops LLC bought a new position in Golden Entertainment during the 2nd quarter worth approximately $1,537,000. Institutional investors and hedge funds own 70.73% of the company's stock.
Insider Activity
In other news, Director Terrence Wright sold 16,586 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $31.26, for a total transaction of $518,478.36. Following the completion of the transaction, the director now directly owns 61,616 shares in the company, valued at $1,926,116.16. This represents a 21.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 29.10% of the stock is owned by corporate insiders.
Golden Entertainment Stock Down 1.1 %
Shares of Golden Entertainment stock traded down $0.36 during trading on Friday, reaching $31.39. The stock had a trading volume of 153,486 shares, compared to its average volume of 220,525. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $861.00 million, a price-to-earnings ratio of 25.31 and a beta of 2.22. The stock has a fifty day moving average price of $32.14 and a two-hundred day moving average price of $31.21. Golden Entertainment, Inc. has a 52 week low of $27.42 and a 52 week high of $40.74.
Golden Entertainment Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.19%. Golden Entertainment's dividend payout ratio is currently 80.65%.
Analyst Ratings Changes
Several research firms have weighed in on GDEN. B. Riley cut their target price on shares of Golden Entertainment from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, September 23rd. JMP Securities raised their price objective on Golden Entertainment from $35.00 to $36.00 and gave the stock a "market outperform" rating in a research note on Monday, November 25th. StockNews.com cut Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Truist Financial lowered their price target on Golden Entertainment from $38.00 to $36.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Finally, Macquarie cut their price objective on Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $37.33.
Read Our Latest Stock Report on GDEN
Golden Entertainment Profile
(
Free Report)
Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.
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